Calgary property assessments show little change for many homeowners in 2026

The City of Calgary mailed more than 600,000 assessment notices; the typical single-family home is assessed 1% higher at $706,000 while the typical condo is down 3% at $347,000.

The City of Calgary has mailed more than 600,000 property assessment notices for 2026, reporting smaller year-over-year shifts after several years of large gains. The assessment reflects an estimate of market value on July 1, 2025, and property condition as of Dec. 31, 2025. City officials describe the market as more balanced, citing stabilizing net migration and increasing housing supply. The city opened a customer review period that runs until March 23 for homeowners who wish to question their assessments. Key details: - The typical single-family home is assessed at $706,000, a 1% increase from 2025, while the typical condo is assessed at $347,000, down 3% from last year; multi-residential apartments rose 8% but represent a small share of residential properties. - The overall residential assessment change is reported as 1% this year, contrasted with last year’s larger increases (single-family +14% and condo +22%). - Calgary city council approved a 1.6% municipal property tax increase for 2026; how much a homeowner pays also depends on how their property’s change compares to the 1% residential class change. - The city provided examples: a typical single-family home assessed at $706,000 is projected to pay $2,741 in property taxes in 2026 (about $3.57 more per month) and a typical condo at $347,000 is projected to pay $1,347 (about $3.54 less per month). - The province’s share of property taxes is expected to rise to an estimated 40% of collections this year (up from 37% last year) and provincial figures cited in the city’s notes include an estimated 11.9% increase in the provincial portion for a typical single-family home; the city says those numbers are not finalized and reflect Alberta’s 2025 budget intent. - On the non-residential side, overall non-residential values rose 1%; industrial properties were up 3%, retail up 2%, and office values declined about 4% amid sector uncertainty. Summary: The assessments indicate a pause in the rapid growth seen in prior years and reflect a more balanced local market. Final tax bills and the precise provincial share will be determined after the province tables its budget in the spring, and the city’s review period remains open through March 23 for those disputing their notices.